Signature Global cuts net debt by 16% in June quarter on strong sales

Quick Summary:

In its latest investor presentation for the June quarter, the company informed that its net debt stood at Rs 980 crore as on June 30, 2024, as against Rs 1,160 crore at the end of the last financial year.

Realty firm Signature Global's net debt has come down by 16 per cent in June quarter to Rs 980 crore on better cash flows amid strong sales in its housing projects.

Earlier this week, Signature Global reported a consolidated net profit of Rs 6.76 crore for the quarter ended June on higher income.

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Category: BusinessFinance

Markets: India

Topics: Realty firms Real estate sector Real estate firms Signature Global Debt

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-10 @ 13:10:50 (6 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 518 words

Reading Time: 3 minutes read

Sentences: 25 lines

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Copyright Owner: © Business Standard

News ID: 22004654

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